Natural gas cost to rise June 1 for Columbia Gas customers
LEXINGTON, Ky. (WTVQ) – Columbia Gas customers will see a 50-cent per-cubic-foot rate increase starting June 1.
Columbia Gas of Kentucky’s gas supply cost will be $4.9177 per Mcf (1,000 cubic feet). This increase of $0.5049 from the last quarter comes after Columbia Gas of Kentucky received approval from the Kentucky Public Service Commission (PSC) for its most recent Gas Cost Adjustment (GCA).
The next adjustment is scheduled for September.
To reflect current market conditions, Columbia Gas of Kentucky adjusts its gas supply cost quarterly.
The PSC then approves these quarterly adjustments when they are submitted.
According to Columbia Gas of Kentucky, as a reminder, natural gas distribution companies do not earn a profit on their gas commodity costs and Columbia Gas of Kentucky passes the cost along to customers without markup.
Two main components make up a customer’s monthly bill: the gas supply cost and delivery costs.
The gas supply cost includes the commodity cost, interstate pipeline charges and storage costs. The delivery costs cover the cost of delivering the gas to the customer’s home or business through the company’s pipeline infrastructure, along with line inspection, repair, 24-hour emergency service, etc.
More information about how the company bills customers is available on the company’s website.
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